FreightCar America, Inc. Announces Agreement to Redeem All Outstanding Preferred Shares with New Term Loan
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FreightCar America, Inc. (NASDAQ: RAIL) has announced a new term loan facility to redeem all outstanding preferred shares, reducing its cost of capital by 40% and enhancing financial flexibility.
January 06, 2025 | 9:30 pm
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FreightCar America has secured a new term loan to redeem all outstanding preferred shares, reducing its cost of capital by 40%. This move enhances the company's financial flexibility and cash generation, supporting its growth strategy.
The new term loan allows FreightCar America to redeem preferred shares, significantly reducing its cost of capital. This financial restructuring is likely to improve cash flow and support the company's growth strategy, positively impacting the stock price.
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